Marketers have been shifting budgets and focus to Digital Marketing strategies for quite some time in order to be “multi-channel” and leverage the power of digital media, online and other interactive channels. These strategies allow brand owners to be more efficient in reaching their target audiences with their message. Leveraging new ways to push messages, publish content and interact with customers is the easy part because the ROI is clearer. However, marketers should not overlook the methods and technologies that assist in creating, managing and distributing the “assets” that power digital marketing strategies. Although managing digital assets is not seen as the “sexy” side of marketing, it is a critical component to increasing efficiency with operations, ensuring consistency in presenting a brand to the marketplace, and maximizing the return on marketing investments.
As marketers leverage more cost-effective means of reaching their audiences, they should also adopt more cost-effective means of managing their digital media with Digital Asset Management solutions.
An Integrated Approach to Marketing
There’s a lot of evidence to show that digital marketing is more targeted, more impactful, and better tied to other vehicles and channels. More appealing to marketing executives is the opportunity that digital marketing brings with reporting, tracking and accountability. While many marketers are not entirely doing away with traditional marketing and advertising programs (TV, print, direct mail, etc.), they have shifted more focus on an integrated approach. Digital marketing helps marketers better engage customers to complement more traditional approaches targeting the masses. Digital marketing is often more cost effective, builds awareness quickly, fosters relationships and is measurable in ways traditional advertising just can’t match.
As companies make moves in the way they deliver their message and connect with customers to be more cost-effective, they should also make moves in the way they manage the content of their brand. The solution to being more cost-effective with how to manage that content is better known as digital asset management (DAM).
What DAM Provides to Digital Media and Brand Assets:
- Greater ability to organize and find approved and available assets
- Greater ability to share and repurpose assets across multiple channels
- Greater ability to ensure compliance and consistency with approved assets
Driving Brand Awareness with DAM
Marketers seek to improve brand awareness by being in more places in front of more faces. However, if the brand does not appear consistent from one customer touch point to the next, than that is more damaging to the brand than not being there at all. DAM helps marketers repurpose digital media across multiple channels and do so consistently with assets meeting the quality standards for each channel. For example, image assets were historically developed with the specific channel in mind i.e. print catalog. Now, image assets are developed for multiple channels--print catalog, brochure, store signage, website, email marketing, online video and other social/interactive media.
What Drives DAM Adoption? (From the 2009 Aberdeen Benchmark Study)
- Improved Operational Efficiency – streamlined digital supply chains
- Improved Brand Consistency – approved brand assets used in multiple channels – as opposed to communications coming from disconnected departments
- Improved Return on Marketing Investments (ROMI) – greater opportunity to find and reuse or repurpose existing assets and reduce re-work or costs of re-creating lost assets
Now that we’ve covered the core reasons why marketers should leverage digital asset management technologies to improve marketing efficiency and effectiveness, I’ll cover why SaaS is the most cost-effective delivery model for marketers to deploy digital asset management solutions next.